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Halliburton Acquires Tulsa’s Summit ESP
Houston-based Halliburton Company has acquired Tulsa-based Summit ESP, a leading provider of electric submersible pump (ESP) technology and services, according to a company press release issued Wednesday. The financial terms were not disclosed. “The acquisition of Summit expands Halliburton’s existing artificial lift capabilities and increases our overall leading position in North America oilfield services,” said …
WTI and Brent Crude Rally on Thursday
Following the steepest loss in one month, oil prices finished slightly higher on Thursday as U.S. government data confirmed a fall in domestic crude supplies, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude tacked on 39 cents, or 0.9%, to settle at $45.52 a barrel. On the London ICE …
WTI and Brent Crude Drop on Wednesday
Oil prices suffer their largest drop in a month on Wednesday, snapping their longest run of gains since 2010, according to Bloomberg MarketWatch. August West Texas Intermediate oil lost $1.94, or 4.1%, to settle at $45.13 a barrel on the New York Mercantile Exchange, posting its first loss in nine sessions. September Brent crude, the global …
Permits to Drill July 6, 2017
Canadian County CANNONBALL 1208 #24-2MH, July 05 2017 25 12N 8W SENENENE API: 01725032 Lat: 35.49206572617016, Long: -97.99091528364222 89 ENERGY LLC HH, DR, 15750 ft, MISSISSIPPIAN(10360) Canadian County KILIMANJARO 1106 #1WH-2, July 05 2017 02 11N 6W SESESESE API: 01725031 Lat: 35.45035174923014, Long: -97.79607316845386 CHAPARRAL ENERGY LLC HH, DR, 14100 ft, WOODFORD(8830) Dewey County LORETA 10 …
WTI, Brent Crude Edge Near $50 a Barrel on Monday
Oil prices continued to rise on Monday and posted a seventh-straight consecutive gain, according to Bloomberg MarketWatch. August West Texas Intermediate crude rose $1.03, or 2.2%, to settle at $47.07 a barrel on the New York Mercantile Exchange. September Brent crude, the global benchmark, tacked on 91 cents, or 1.9%, to end trading at $49.68 a …
Completion Reports July 5, 2017
KINGFISHER COUNTY Chisholm Oil & Gas Operating Llc 35 18N 5W Pollard 2-35w Swd, April 26, 2017 DH, DISP, TD: 7762 ft Lat: 35.99948, Long: -97.70403 API: 35073255670000
Permits to Drill July 5, 2017
Alfalfa County HACKNEY #1-6, July 03 2017 06 27N 12W SWSESWNW API: 00321960 Lat: 36.84864413312861, Long: -98.53767938872483 CHESAPEAKE OPERATING LLC SH, RC, 6410 ft, LAYTON(4600), MISSISSIPPIAN(5170) Blaine County PHENIX 27_22-16N-11W #1HX, February 01 2017 27 16N 11W SESWSESE API: 01123734 Lat: 35.8274036805685, Long: -98.35125782450943 DEVON ENERGY PRODUCTION CO LP HH, AM, 21329 ft, MISSISSIPPIAN(9706), WOODFORD(11211), HUNTON(11301) …
U.S. Rig Count Falls After Six Months of Continuous Growth
For the first time in six months, the latest weekly oil and gas rig count posted a decline for the nation, according to Baker Hughes Company of Houston, Texas. Oklahoma’s count remained the same as last week, reaching 132 compared to 58 from a year ago. The nation’s rig count dropped by one to reach …
Crude Oil Hits Streak of Seven Consecutive Gains on Friday
Oil prices rebounded on Friday as traders remained optimistic about further reductions in crude production, according to Bloomberg MarketWatch. August WTI crude rose $1.11, or 2.5%, to settle at $46.04 a barrel on the New York Mercantile Exchange. Prices shed about 9% for the quarter and tallied a decline of about 14.3% for the first half …
Public Service Company of Oklahoma Seeks $156 Million Rate Increase
Public Service Company of Oklahoma filed a $156 million rate increase request with the Oklahoma Corporation Commission on Friday. The increase, if approved, equates to an 11 percent jump. For the typical residential electric customer, PSO estimates the increase will be nearly 50 cents per day, according to a company press release. With the latest …